Interpret the following, the concluding sentence in The Effectiveness of Monetary Policy, by Robert M. Rasche and

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Interpret the following, the concluding sentence in "The Effectiveness of Monetary Policy," by Robert M. Rasche and Marcela M. Williams, appearing in the Federal Reserve Bank of St. Louis Review, (September/October 2007), p. 477:

Finally, the case for consistently effective short-run monetary stabilization policies is problematic-there are just too many dimensions to uncertainty in the environment in which central banks operate.

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